Dow Jones: 25,324.99 pts (-617.38pts, -2.38%)
U.S. stockmarkets tumbled overnight as the Dow sank 2.4% after China retaliated with additional tariff on U.S. goods. The immediate support is located at 25,200.
FBM KLCI: 1,601.09 pts (-9.18pts, -0.57%)
The FBM KLCI (-0.6%) endured another round off selloff as the key index fell for the fourth straight session, mirroring the weakness across its regional peers yesterday. The immediate support is located at 1,580.
Crude Palm Oil: RM1,985 (+RM2, +0.10%)
Crude palm oil prices halted a three-day losing streak on expectation over lower inventory level. The immediate support is located around RM1,940.
WTI Crude Oil: $61.04 (-$0.62, -1.00%)
Crude oil prices erased all its intraday gains, dragged down by the escalating trade tension between U.S. and China . The immediate resistance is located at US$67.
Gold: $1,299.91 (+$13.86, +1.08%)
Gold prices trended higher for the third straight session amid the escalating Sino-U.S. trade dispute. The immediate resistance is located around $1,300.
Economic Releases:
UK - United Kingdom's Unemployment Rate, 4.30PM
EU - Eurozone's Industrial Production, 5.00PM
Technical Trading Stocks - 14 May 19
Stock Name: AIRPORT (5014)
Entry: Buy above RM7.31
Target: RM7.67 (4.9%), RM7.85 (7.4%)
Stop: RM7.01 (-4.1%)
Shariah: No
Technical: Breakout-pullback-continuation
Stock Name: T7GLOBAL (7228)
Entry: Buy above RM0.50
Target: RM0.56 (12.0%), RM0.585 (17.0%)
Stop: RM0.445 (-11.0%)
Shariah: Yes
Technical: Hammer candle
Source: Bloomberg, M+ Online
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